Teradyne, Inc. (NASDAQ:TER) Shares Acquired by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 144.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,297 shares of the company's stock after acquiring an additional 3,718 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Teradyne were worth $793,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Roberts Glore & Co. Inc. IL increased its holdings in shares of Teradyne by 2.2% in the fourth quarter. Roberts Glore & Co. Inc. IL now owns 4,103 shares of the company's stock valued at $517,000 after purchasing an additional 90 shares during the last quarter. Covestor Ltd raised its holdings in Teradyne by 12.3% in the fourth quarter. Covestor Ltd now owns 901 shares of the company's stock valued at $113,000 after acquiring an additional 99 shares in the last quarter. GAMMA Investing LLC lifted its stake in Teradyne by 3.1% in the fourth quarter. GAMMA Investing LLC now owns 3,445 shares of the company's stock worth $434,000 after acquiring an additional 105 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in Teradyne by 4.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 3,127 shares of the company's stock worth $429,000 after acquiring an additional 119 shares in the last quarter. Finally, Citizens Financial Group Inc. RI increased its position in shares of Teradyne by 5.8% in the 4th quarter. Citizens Financial Group Inc. RI now owns 2,244 shares of the company's stock valued at $283,000 after purchasing an additional 124 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company's stock.

Insider Buying and Selling

In related news, VP Ryan Driscoll sold 437 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $102.00, for a total value of $44,574.00. Following the sale, the vice president now owns 4,312 shares in the company, valued at $439,824. This represents a 9.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Sanjay Mehta sold 1,384 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total value of $154,302.16. Following the completion of the transaction, the chief financial officer now directly owns 36,576 shares of the company's stock, valued at $4,077,858.24. The trade was a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,096 shares of company stock valued at $335,199 over the last ninety days. Corporate insiders own 0.16% of the company's stock.

Teradyne Stock Performance

Teradyne stock traded down $1.15 during mid-day trading on Tuesday, reaching $75.69. 1,566,019 shares of the company were exchanged, compared to its average volume of 2,551,043. The firm has a market cap of $12.17 billion, a PE ratio of 22.64, a price-to-earnings-growth ratio of 2.83 and a beta of 1.65. The firm's 50-day simple moving average is $87.49 and its two-hundred day simple moving average is $108.38. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.14. The firm had revenue of $685.70 million during the quarter, compared to the consensus estimate of $680.54 million. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. The company's revenue for the quarter was up 14.3% on a year-over-year basis. During the same period last year, the company earned $0.51 earnings per share. As a group, equities research analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne declared that its board has initiated a stock repurchase program on Monday, April 28th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to reacquire up to 8.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

TER has been the subject of a number of analyst reports. Stifel Nicolaus lowered their target price on shares of Teradyne from $125.00 to $110.00 and set a "hold" rating for the company in a research note on Wednesday, March 12th. Northland Securities dropped their price objective on Teradyne from $154.00 to $140.00 and set an "outperform" rating on the stock in a report on Friday, January 31st. Northland Capmk raised Teradyne from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. JPMorgan Chase & Co. lowered their price target on Teradyne from $120.00 to $92.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Finally, Cantor Fitzgerald cut their price objective on shares of Teradyne from $150.00 to $110.00 and set an "overweight" rating on the stock in a report on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $118.94.

Teradyne Profile

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.